ALROSA announces production and preliminary sales results for Q1

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Production performance

ALROSA’s Q1 2015 diamond production totalled 8.4 million carats, up 6% y-o-y, driven by the following projects progressing:

- Mir underground mine: diamond output increased 9 times up to 488 thousand carats through measures to reduce the mine watering

- Botuobinskaya pipe: the first 313 thousand carats was produced after the launch in March 2015

- Arkhangelskaya and Karpinskogo-1 pipes of the Lomonosov deposit (Severalmaz): increase in volumes of processed ore at Karpinskogo-1 doubled the diamond output up to 450 thousand carats.

Preliminary sales performance

Indicatively, Q1 2015 saw ALROSA sell 9.0 million carats of diamonds, including 7.0 million carats of gem-quality diamonds at an average price of USD 161 per carat and 2.0 million carats of industrial diamonds at an average price of USD 8 per carat. The Q1 2015 revenue from rough diamond sales is set to reach at least USD 1.1 billion.

In Q1 2015, ALROSA’s rough diamond prices declined by 3% affected by a softer diamond market. The Company expects the conditions to improve on the back of an uptrend in the key diamond jewelry markets – the USA, China and India.

The full version of ALROSA’s Q1 2015 operational overview is available at ALROSA’s website in the Operational results section.

This page was last updated on 21 April 2015 at 09.06